Paras Defence & Space Technologies IPO GMP History
Paras Defence & Space Technologies IPO has been listed on October 1, 2021 at a listing price of ₹469, against the issue price of ₹175 — a gain of ₹294 (+168%). The GMP peaked at ₹270 on 27 September 2021 and reached a low of ₹120 on 16 September 2021. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Paras Defence & Space Technologies IPO raised ₹170.78 Cr. through its IPO at a price band of ₹165 to ₹175 per share, with a lot size of 85 shares. The IPO was open for subscription from 21 Sep 2021 to 23 Sep 2021.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 7:27 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 30 Sep 2021 | ₹ 230 | — | 131% | — | — |
| 29 Sep 2021 | ₹ 230 | ▼ | 131% | — | — |
| 28 Sep 2021 | ₹ 250 | ▼ | 143% | — | — |
| 27 Sep 2021 | ₹ 270 | ▲ | 154% | — | — |
| 25 Sep 2021 | ₹ 250 | — | 143% | — | — |
| 24 Sep 2021 | ₹ 250 | ▲ | 143% | — | — |
| 23 Sep 2021 | ₹ 230 | ▼ | 131% | — | — |
| 22 Sep 2021 | ₹ 250 | ▲ | 143% | — | — |
| 21 Sep 2021 | ₹ 200 | — | 114% | — | — |
| 20 Sep 2021 | ₹ 200 | ▲ | 114% | — | — |
| 17 Sep 2021 | ₹ 180 | ▲ | 103% | — | — |
| 16 Sep 2021 | ₹ 120 | — | 69% | — | — |
Paras Defence & Space Technologies IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 21 Sep 2021
- Close 23 Sep 2021
- Allotment 28 Sep 2021
- Refund/credit 29 Sep 2021
- Listing 01 Oct 2021
Paras Defence & Space Technologies IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹175 |
|---|---|
| GMP-based estimate (pre-listing) | ₹405 (+131.4%) |
| Listing gain / loss | +₹294 per share |
| Listing date | 01 Oct, 2021 |
| Actual listing price | ₹469 (+168%) |
Is Paras Defence & Space Technologies IPO GMP reliable?
Grey market premium for Paras Defence & Space Technologies IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Paras Defence & Space Technologies IPO full review for a fundamentals-based assessment before making any grey market trades.
Paras Defence & Space Technologies IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Paras Defence & Space Technologies IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Paras Defence & Space Technologies IPO
Paras Defence and Space Technologies Limited was incorporated as Paras Flow Form Engineering Limited at Mumbai on 16 June 2009. It designs, develops, makes and tests defence and space engineering products and solutions.
It has five product categories: defence and space optics, defence electronics, heavy engineering, electromagnetic pulse protection solutions, and niche technologies. It is the only Indian company with design capability for space optics and opto-mechanical assemblies, and it also runs turnkey defence projects.
It has 2 manufacturing plants in Maharashtra and was expanding its facility at Nerul in Navi Mumbai.
The IPO was Rs 170.78 crore, with Rs 140.60 crore of fresh issue and Rs 30.18 crore of offer for sale. Rs 60.00 crore was planned for working capital and Rs 34.66 crore for machinery and equipment.
Frequently asked
What is the GMP of Paras Defence & Space Technologies IPO?
The current Grey Market Premium (GMP) of Paras Defence & Space Technologies IPO is ₹ 230.
What is the Kostak Price of Paras Defence & Space Technologies IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Paras Defence & Space Technologies IPO is not available.
What is the Subject to Sauda Price of Paras Defence & Space Technologies IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Paras Defence & Space Technologies IPO?
Paras Defence & Space Technologies IPO listed on October 1, 2021 at ₹469, against the issue price of ₹175 — a gain of +168%.
How did the GMP of Paras Defence & Space Technologies IPO trend before listing?
The GMP of Paras Defence & Space Technologies IPO was stable in its final days before listing. The GMP peaked at ₹270 on 27 September 2021. View the day-wise table above for the complete GMP history.
Explore Paras Defence & Space Technologies IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
